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Thursday, May 24, 2012

Hey, dopes! You've been in charge of spending, not Republicans!

  The conservative wags have been rattling on for two days about Obama's boast that he's cut spending and is not guilty of the horrendous overspending of which he has been accused.
  Obama was doing the cock crow yesterday again bragging that he's tired of having to clean up the messes Republicans make. Here's his statement:
“[Republicans] run up these wild debts and then when we take over, we’ve got to clean it up.”
  The writer who generated this amazing cock crow was named, oddly, Nutting. Here is what he said. Gee, is he biased for Obama? It's hard to tell from his opening paragraph:
WASHINGTON (MarketWatch) — Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree.
  The facts are here. And here:
But there were a few problems with Nutting’s numbers. Nutting’s methodology assumes spending in the first year of a presidential term should be credited to the previous president. OK, fine. But he attributed a $410 billion spending bill in March of 2009 to George W. Bush even though it was signed by Barack Obama. Nutting also didn’t use inflation adjusted numbers. 
But I did both of those and got wildly different results from Nutting, as seen in the chart at the top of this post. (Note: I looked at absolute spending as opposed to the rate of increase.) 
My numbers show that spending under the ’10-’13 Obama budgets far outstrips spending by a generation of presidential predecessors. This should not be surprising since spending as a share of GDP under Obama is the highest in U.S. history outside of World War II.
  Screaming at the television is my response.
  Does President Obama remember that the Democrat party, NOT REPUBLICANS, were in charge of the House and Senate since 2007?
  Does President Obama remember that the Democrats had COMPLETE CONTROL of both the executive and legislative branches, an unbreakable majority?
  Does President Obama remember that HE HIMSELF was in the Senate when those expenditures were approved?
  Does President Obama remember that Democrats have had NO BUDGET for THREE years? 
UPDATE: Graphic from Hot Air:

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